Herbalife Nutrition Reports Record-Breaking Quarterly Net Sales Results
“Our record results reflect the effort of our distributors. They worked hard to respond to increasing demand for quality nutrition products and to meet the needs of individuals seeking economic opportunity.” – John Agwunobi, Chairman and CEO of Herbalife Nutrition
HIGHLIGHTS
▪ Second quarter 2020 reported net sales of $1.3 billion increased 8.6% compared to the second quarter of 2019.
▪ Excluding the impact of foreign exchange rates, net sales increased 14.1% during the second quarter compared to 2019, excluding the impact from Venezuela.
▪ The second quarter 2020 represents the largest quarterly reported net sales result in Company history.
▪ Second quarter 2020 volume points of 1.7 billion, also a quarterly record for the Company, increased 12.4% compared to the second quarter 2019.
▪ Second quarter
2020 reported
diluted EPS of $0.82 and
adjusted1 earnings of $0.95 per
diluted share, compared to $0.54
per diluted
share and $0.70 per
adjusted2 diluted
share, respectively, for the second quarter
2019, which
were negatively
impacted in 2020 by expenses of
approximately $2.3 million, or $0.01
per diluted
share, and in second quarter 2019
of $4.0
million, or $0.02 per diluted
share, related to the
China Growth
and Impact
Investment Program.
▪ Given the continuing impact of COVID-19 on our business and the rapidly evolving landscape in response to these pandemic conditions, we are not providing guidance at this time.
Second Quarter 2020 Key Metrics
Regional Volume Points
Outlook
▪ The extent and duration of business disruption and related financial impact from the COVID-19 pandemic cannot be reasonably estimated at this time but could materially impact our business, financial condition and consolidated results for the third quarter and full year 2020. The Company will periodically reassess its ability to provide guidance as and when we believe the impact of the pandemic can be reasonably estimated.
Earnings Conference Call
Herbalife Nutrition senior management will host an investor conference call to discuss its recent financial results and provide an update on current business trends on Thursday, August 6th, 2020, at 2:30 p.m. PT (5:30 p.m. ET).
The dial-in number for this conference call for domestic callers is (833) 962-1459, and (956) 394-3596 for international callers (conference ID: 8122178). Live audio of the conference call will be simultaneously webcast in the investor relations section of the Company’s website at http://ir.Herbalife.com.
An audio replay will be available following the completion of the conference call in MP3 format or by dialing (855) 859-2056 for domestic callers or (404) 537-3406 for international callers (conference ID: 8122178). The webcast of the teleconference will be archived and available on Herbalife Nutrition’s website.